BPM Wallet Blog

Our CTO Chris Dangerfield provides an update to address the delayed launch.
The rewards platform will be our first major release and the project will be judged on its appearance, security, performance, and general usability. If you care about the long-term prospects of our project then it is in everyone’s interest that rewards platform goes live when it is ready, not to meet an arbitrary roadmap date.
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We're thrilled to announce that our blockchain-based smart ticketing start-up has just won a grant of $200,000 from XRPL Grants! This funding will allow us to take our innovative platform to the next level faster, bringing the benefits of distributed ledger technology to the ticketing industry and with that, solving long-standing issues related to ticketing.
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Welcome to Revellers BINGO - Gamified minting for pre-Christmas prizes.
How does it work?
The concept is simple, mint a Reveller(s) from onXRP.com and if your traits match the BINGO card, win the matching prize.
Each BINGO card features 20 traits (10x common, 10x rare).
You can mint multiple Revellers to stack traits, but once a prize has been claimed, those Revellers may not be used again. Revellers can NOT be used to claim multiple prizes.
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Revellers are a collection of 10,000 NFT avatars that reward holders with VIP in-App access, lock-up reward options, and unparalleled future event experience. It’s important here to acknowledge that Revellers are our Genesis NFT and very much the beginning of the BPM Wallet user journey. If you are not familiar with BPM Wallet, the supporting backbone behind Reveller NFTs be sure to bring yourself up to speed on our website and product deck after perusing the below.
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We plan to launch our BPM Rewards platform in January 2023, where the BPM and Reveller communities can lock-up their $BPM tokens.
Three lock-up periods will be offered, there will four levels that will be based on $BPM locked-up, and five tiers will be based on Reveller NFT tiers, where by a user can lock-up their $BPM holdings coupled with a Reveller NFT or $BPM only for those that don't hold a Reveller NFT. These variables are demonstrated in the infographics below.
Essentially, the longer you lock-up your $BPM, the higher your Reveller tier and the more tokens you lock-up, the higher your yield.
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There is nothing quite like being part of the crowd at your favourite event, patriotically supporting your country at the FIFA World Cup, singing shoulder-to-shoulder at a concert with like-minded super fans, or pitching up at a music festival amongst hundreds of thousands of revellers.
Some events are out of reach, perhaps because they’re overseas, sold out or simply too costly. What if you could attend the events you love from the comfort of your home and still enjoy an immersive experience? Would you participate?
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Valued $BPM holders and BPM Wallet supporters, we have listened to our community and we are excited to announce the first steps in what we believe will truly reward our long-term holders, setting a precedent for what's to come. We are a company embarking on a mission to solve industry-wide problems that plague the event ticketing space once and for all.
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Euro 2020 which actually took place in 2021 due to pandemic was plagued by touting and fake ticket websites which led to genuine fans being scammed out of their hard earned money.
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Back in 2017 Dana Whyte of the UFC revealed that Conor McGregor and Floyd Mayweather were forced to buy their own tickets for super fight! UFC chief White said that both camps wanted to avoid a repeat of the touting from when Mayweather faced Manny Pacquiao. White said that lessons were learned from when Mayweather faced off against Manny Pacquiao in 2015 and how ticket sales suffered due to third-person sales in the secondary market. Therefore, everybody has been forced to collect their August 26 super fight themselves – with no freebies. “There are a lot of shady things that can go on with tickets,” White told ESPN.
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As tickets for Ed Sheeran’s latest Mathematics tour went on sale at the weekend, the British singer songwriter has pushed tough new rules to crack down on ticket touting. For 2022, fans of Ed Sheeran that wish to attend the tour will have to accompany the person that bought the ticket, even if that person is not entering to watch the show.
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